Runaway Spending

It appears the long standoff between liberals and conservatives in Washington is about to end. While the confrontation may have been labeled as one between Democrats and Republicans, it really amounted to a duel between big-government liberals and fiscal discipline conservatives.

So getting a deal done is being considered a victory by the members of both the U.S. House and Senate. But the victory Americans need is to get runaway spending under control. The national debt is nearly $17 trillion – about $52,000 for every man, woman and child in the country.

No doubt fiscal conservatives will be able to point to some concessions made by Obama and Reid. A few minor changes in Obamacare, hopefully, will be on the horizon. And there may be some on-paper reductions in government spending.

But in a situation such as this, very few people really know the contents of political compromises. Lawmakers take their leaders’ words for much of what is in the bills they approve.

During the next several days, however, Americans will learn whether any real fiscal discipline is included in the compromise.

If not, it will be no victory for the American people.